Layerzero Price Prediction: Can This Rally Fuel ZRO to $5?

In the last 24 hours, ZRO's price has risen by 23.00%

• Following the opening of airdrop claims on June 20, 2024, #LayerZero saw significant volatility, with the token peaking at $4.8786.

• The bulls encountered resistance around $5.00, causing the price to lose momentum.

• $ZRO price dropped nearly 50% and formed a base around $2.50.

• Over the recent days, the price has been consolidating within the range of $2.44 to $2.95.

• Yesterday, $ZRO broke through the $3.00 psychological resistance with heavy volume and formed a bullish candlestick.

• ZRO shows a rounding bottom pattern on the hourly chart, indicating a potential bounce.

• According to Coingabbar Prediction, If $ZRO continues its trend and closes above $3.70, it could test the $3.8000 to $5.0000 range in the coming months.

• If it fails to breach the resistance zone, ZRO could potentially retreat towards the $3.000 or $2.5000 levels.

KEY LEVELS :

RESISTANCE LEVEL : $4.4000-$5.0000

SUPPORT LEVEL : $2.9000-$2.5000

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.